Winnebago Industries, Inc. Buyback
OLI recorded this information on 8/17/2022
Company:
Winnebago Industries, Inc.
Buyback:
WGO buyback
$Amount Authorized:
$350,000,000
Buyback Details:
Winnebago Industries, Inc. (NYSE:WGO), a leading outdoor lifestyle product manufacturer, today announced that the Company's Board of Directors approved a quarterly cash dividend of $0.27 per share payable on September 28, 2022, to common stockholders of record at the close of business on September 14, 2022. Today's dividend declaration represents a 50% or $0.09 per share increase from the previous quarter. This increase follows the 50% increase that the Company announced in the prior year. In addition, the Board of Directors approved a new share repurchase authorization of up to $350 million of the Company's common stock. The share repurchase authorization replaces the previous $200 million share repurchase program that was fully depleted with $80 million of share repurchase completed in the fourth quarter of fiscal 2022.
Winnebago Industries is a manufacturer of recreation vehicles (RVs) and marine products with a portfolio used primarily in leisure travel and outdoor recreational activities. Co.'s segments are: Towable RV, which is a non-motorized vehicle that is designed to be towed by automobiles, pickup trucks, SUVs, or vans and is used as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles; Motorhome RV, which is a self-propelled mobile dwelling used as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles; and Marine, which manufactures and sells boats under its Chris-Craft and Barletta brands.
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Avg. Broker Rec.
  
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Buy (2.80 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: WGO Stock Forecast Based on Zacks ABR data; powered by Xignite |
